All Finance articles – Page 104
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NewsChancellor unveils small business initiatives in 2013 Budget
Chancellor George Osborne unveiled his Budget this afternoon, saying it was for people who "work hard and get on", as he a revealed a number of initiatives he claimed would aid small business.
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Real Good Food announces improved performance
The Real Good Food Company (RGFC) has revealed that its sales performance over the fourth quarter was much improved on the three months before Christmas, in a trading statement today (20 March).
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Aryzta sells bond to refinance debts
Aryzta has sold its second hybrid bond for CHF300m (£210.6m), which the company has said will be used to refinance its debts.
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NewsProfits fall despite sales increase at Greggs
High street bakery chain Greggs saw pre-tax profits fall by 2.2% in 2012 to £51.9m - despite seeing an increase in sales as it moved into new channels such as wholesale and franchising.
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NewsBakery products strong in 2012 food exports
Bakery products were key performers of the UK’s food exports in 2012 – helping to contribute to the total of £12.1bn in 2012, according to the Food and Drink Federation (FDF).
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NewsSainsbury’s reports 4.3% sales growth
Sainsbury’s has revealed its convenience store and online channels have helped to achieve a 4.3% increase in total sales in the last year.
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NewsPotential sale of Burton’s Biscuit Company
Owners of Burton’s Biscuit Company could be putting the business up for sale for around £300m, according to the latest reports.
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NewsCSM downgrades value of bakery business
CSM has downgraded the valuation of its European Bakery Supplies business (BSEU) by €165m (£143.2m) to €103m (£89m).
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NewsMorrisons to link up with Ocado
Morrisons has announced it is currently in talks with Ocado, as it looks to move into the online retail channel next year.
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KP Snacks acquisition under investigation
The acquisition of United Biscuit’s KP Snacks business by German manufacturer Intersnack is being investigated by The Competition Authority in Ireland.
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Sales up 8.2% at Aryzta
Aryzta, the Swiss-based baked goods firm, revealed this morning that its group revenue for six months to the end of January rose by 8.2% to €2.07bn (£1.8bn).
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NewsCakes contribute to Waitrose’s 12% profit rise
Waitrose posted a like-for-like sales increase of 3.4%, as part of parent company The John Lewis Partnership’s results for the year ended 26 January 2013.
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Product NewsFree-from brand to make UK retail debut
Irish free-from bakery brand BFree has just secured its “first significant retail listing” in the UK, with a launch in 434 Asda stores this April.
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NewsPatisserie Valerie buys Paul’s transport outlets
Patisserie Valerie has acquired seven sites based at London railway stations from rival retail bakery business Paul.
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NewsFinsbury sells £21m free-from business
Finsbury Food Group has sold its free-from business United Central Bakeries to Genius Foods for approximately £21m.
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Canada Bread reports drop in sales
Canada Bread has said sales were consistent with its previous trading year figures, despite a 1.8% drop to $1.57bn (£1.03bn).
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HMV stores help Morrisons M Local expansion
Morrisons has revealed it has acquired six HMV sites as the firm continues to grow its convenience store estate.
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NewsPositive sales growth for Costa
Costa Coffee has highlighted a 22.4% rise in total system sales to £962m during the last year.
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Tesco and Morrisons take tumble in market share
Sainsbury’s is the only supermarket among the top four retailers to improve its market share in the last 12 weeks, experiencing a 4.6% growth rate year-on-year.
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Product News
ABF forecasts better grocery profits
Associated British Foods (ABF) has said profits within its grocery division will be “substantially improved”, benefiting from the non-recurrence of restructuring costs in Allied Bakeries.